We have seen a considerable amount of upset in the financial markets over the course of the last couple of weeks, with the news that Lehman Brothers investment bank has filed for bankruptcy, AIG being rescued by the American Government and HBoS being bought out by Lloyds TSB, a large number of big companies, noted [...]
Middle class families living in the UK today have the worst levels of debt on the outstanding balances of their personal loans and credit cards, according to a recent survey.
According to the report which has been conducted by the credit reference agency Experian, the middle class households in Britain are the worst offenders when it [...]
The majority of the UK’s population look forward to the time when they will be able to give up the daily grind of dragging themselves out of bed on a morning and trudging into work every day just so they can pay their bills by the end of the month and instead, relax into a [...]
Following the onset of the credit crunch last year, many of the high street banks and building societies in the UK have been struggling to maintain sufficient levels of cash to support their liquidity requirements and earlier this year, the Bank of England launched its special liquidity scheme, which was aimed at offering support to [...]
The Governor of the Bank of England, Mervyn King, must be getting quite a headache at the present time due to the state of the economy in the UK.
Inflation has steadily increased over the course of the year, reaching a level of 4.7 per cent in August, forcing the Monetary Policy Committee (MPC) to maintain [...]
The Governor of the Bank of England will have been sat behind his desk this week writing another letter which begins “Hello Darling” as he is required to write to the Chancellor of the Exchequer, Alistair Darling, to explain the reasons why the rate of inflation has risen once again and is still well in [...]
The US banking sector is today still reeling from its latest blow, following the announcement yesterday (15th September) from the investment bank giant, Lehman Brothers, that it was filing for bankruptcy.
This is the latest in a line of American banks which have fallen victim to the global credit crunch and only just over a week [...]
